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It's pretty clear you haven't actually used DeFi. To convert my shares into dollars in my bank account takes almost a week. In DeFi I can do it within minutes.
by TimJRobinson 5y ago
It's pretty clear you haven't actually used DeFi. To convert my shares into dollars in my bank account takes almost a week. In DeFi I can do it within minutes. Same with sending money, trading, loans, providing liquidity, purchasing insurance. It's a night and day difference between this and the existing financial system.
- NicoJuicy 5y agoSure. And what party are you trusting for your insurance? In which country? And how can shares take one week to convert? My broker has a deposit account in a German bank, it takes 1 click to convert. The button's name = buy/sell. I'm not sure if i have ever encountered a problem. I can use methods outside wire transfer to have additional funds deposited immediately. And the shares on Defi aren't exactly shares, are they. I wouldn't touch a bank that does this and calls it "shares". As said before, it doesn't solve any problems. Ps. In case you didn't knew. Knowing the country is important for potential legal action ;) https://www.rekt.news/ https://www.rekt.news/ Now tell me, what country is Binance located. They are one of the biggest in DeFi ? :) And how trustworthy are the "stable coins" backing the different DeFi protocols? :)